Sayari Company Profile

Background

Founded in 2015 and headquartered in Washington, D.C., Sayari is a mission-driven company dedicated to enhancing global commercial transparency. The company's name, "Sayari," derives from ancient words in Arabic, Hebrew, Swahili, and Farsi, meaning "universal" and "interconnected," reflecting its commitment to illuminating complex commercial networks worldwide.

Key Strategic Focus

Sayari specializes in providing comprehensive data intelligence solutions that empower both public and private sectors to mitigate risks and combat financial crimes. Its flagship product, Sayari Graph, offers an extensive network analysis tool that visualizes and explores connections between corporate entities, shareholders, subsidiaries, customers, suppliers, and other related parties. This platform is instrumental in regulatory compliance, supply chain management, and complex investigations into global networks and illicit activities.

Financials and Funding

As of April 2024, Sayari secured a majority investment of up to $228 million from global alternative asset firm TPG. This capital infusion is intended to facilitate the launch of a new platform and support global expansion initiatives. Prior to this, in September 2021, Sayari raised $40 million in a Series C funding round led by Centana Growth Partners.

Technological Platform and Innovation

Sayari's technological prowess lies in its ability to harvest and interconnect vast amounts of corporate and trade data from over 250 jurisdictions worldwide. The company employs advanced graph technology to connect data on 1.1 billion companies and individuals, extracted from more than 3.6 billion structured and unstructured records. This data is processed through a custom-built entity resolution service, enabling users to uncover hidden risks and make informed decisions swiftly.

Leadership Team

Farley Mesko: Chief Executive Officer

Benjamin Power: Chief Operating Officer

Eric Rhoades: Chief Financial Officer

Chris Brazdziunas: Chief Technical Officer

Jenal Embry: General Manager, Commercial Business

Steve Nguyen: General Manager, Government Business

These leaders bring a wealth of experience from various sectors, including intelligence, regulatory, and technological fields, driving Sayari's mission to enhance global commercial transparency.

Competitor Profile

Market Insights and Dynamics

The demand for comprehensive data intelligence solutions in regulatory compliance and supply chain management is growing, driven by increasing global trade complexities and regulatory scrutiny. Sayari operates in a competitive landscape alongside several notable companies.

Competitor Analysis

AuditBoard: Offers a connected risk platform designed to elevate teams and engage business front lines, focusing on risk as a strategic driver.

Sprinto: Automates compliance requirements, integrating with business systems to ensure adherence to standards like SOC2/ISO27001.

Vanta: Provides automated security and compliance monitoring, aiming to secure the internet and increase trust in software companies.

Scrut Automation: Focuses on cloud security compliance, offering automated testing against CIS benchmarks across multiple cloud accounts.

SAP Ariba: Delivers spend management, invoice management, payment management, and contract management software solutions.

These competitors offer various solutions in third-party and supplier risk management, each with unique features and market approaches.

Strategic Collaborations and Partnerships

In April 2024, Sayari partnered with GAN Integrity to combat corruption and modern slavery in global supply chains. This collaboration combines Sayari's business risk intelligence and ownership data with GAN Integrity's third-party management automation, facilitating comprehensive supplier network management.

Operational Insights

Sayari's competitive advantage lies in its extensive global data coverage, particularly in regions like China, Eastern Europe, and Latin America. This comprehensive data access enables Sayari to provide immediate visibility into complex commercial relationships, allowing clients to make informed decisions swiftly.

Strategic Opportunities and Future Directions

With the recent substantial investment from TPG, Sayari is poised to launch new platforms and expand its global footprint. The company's focus on enhancing data intelligence capabilities and forming strategic partnerships positions it to address evolving challenges in global supply chain transparency and compliance.